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 DJIA 10,667.3 -183.4 / S&P 500 1,144.2 -22.2 / NASDAQ 2,052.1 -39.8
 |  |  Tonight: Clearing skies, chilly. Low 42. Tomorrow: Mix of sun and clouds, cool. High 62.
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|  Wednesday, October 1, 2008 |
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ExactTarget plans $25M expansion
ExactTarget Inc., an Indianapolis firm that helps companies e-mail messages to customers, will expand its downtown operations by creating 300 jobs within the next five years, executives announced this morning. The company will invest $25 million to locate the workers in the historic Gibson Building at Michigan Street and Capitol Avenue, near its corporate headquarters on Monument Circle. 
Hoyer, Blunt hopeful of progress on rescue bill
Two House of Representatives leaders said today headway is being made toward getting the $700 billion financial industry rescue bill through Congress, thanks partly to a provision increasing insurance for people's deposits. President Bush planned to call lawmakers asking for their support ahead of a crucial Senate vote tonight. "I think the Senate thinks it has the votes and I think it probably will pass," said House Majority Leader Steny Hoyer, D-Md. |  | | | |
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Trimedx planning expansion, 108 more jobs
Trimedx LLC, an Indianapolis-based firm that maintains and manages clinical health care equipment, is planning to add 108 positions as part of a $1.4 million expansion. The new jobs would average $35.12 an hour, the company disclosed in an application to the city for incentives. The company's 164 existing positions average $34.54 per hour. Trimedx is owned by St. Louis-based Ascension Health, the nation's largest not-for-profit health system. Ascension also is the parent of St. Vincent Health in Indianapolis.
Dow AgroSciences buys another seed company
Dow AgroSciences LLC said yesterday it is acquiring most of the assets of Carroll, Iowa-based Renze Hybrids Inc. for an undisclosed price. Dow AgroSciences, which is headquartered on the northwest side, will acquire all sales, marketing and agronomy assets related to the Renze brand, as well as all soybean production assets. Dow AgroSciences has now made six acquisitions in the last year to strengthen its seed business.
Lilly starting next phase of Alzheimer's trial
Eli Lilly and Co. plans to launch a second Phase 3 clinical trial of one of its experimental Alzheimer's medicines. The Indianapolis-based drugmaker announced today that it hopes to test its gamma secretase inhibitor in 1,100 patients from 22 countries. Lilly hopes that its drug delays the progression of Alzheimer's, a memory-sapping disease that afflicts about 5.5 million Americans, most of them over age 65.
What bad economy? Tourism's fine in Nashville
Shopkeepers in the Brown County tourism center of Nashville are seeing little impact from the weak economy. Rather, some say business is up, according to The Herald-Times of Bloomington. Tourists are staying closer to home instead of embarking on long, costly trips, with some opting for Brown County over Gatlinburg, Tenn., and other destinations in the Southeast. The innkeeper's tax has remained steady and in some cases has increased, and a company that books cabins said it could book 500 more cabins if they were available the third weekend of this month, when fall leaf colors are expected to peak.
Daylight-saving time champion dies
Longtime Indiana state Sen. Marvin Riegsecker of Goshen has died at age 71. Senate Republicans said yesterday that Riegsecker died of cancer at the Indiana University Medical Center in Indianapolis, where he was surrounded by his wife, Norma, and immediate family members. The retired pharmacist helped push the contentious statewide daylight-saving time proposal through the General Assembly in 2005. | | | |
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Bible tour: For better or worse?
Is a new, handwritten Bible a gimmick or enlightening? Lou Harry's A&E
Reasons not to retire
More people plan to work and not retire early. NewsTalk
Around town retail roundup
News on Burberry, Dunkin Donuts and more. Property Lines
IRL TV ratings up, '09 broadcast schedule set
Series' viewership still small, but showing signs of growth. The Score
From IBJ staff - Compiled by Norm Heikens |  | | | |
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UIndy servers hacked
Officials at the University of Indianapolis say a hacker hit their computer system, compromising the personal information of 11,000 students and staff. On Sept. 8, someone broke into a server that held names and Social Security numbers. Spokeswoman Mary Atteberry says there's no evidence the information was stolen, but adds that the university contacted three major credit reporting services to watch for suspicious activity. Investigators believe the attack could be of overseas origin. Fox 59 will have more at 10 p.m.
Driver rams cars, breaks utility pole in half
Lawrence police say a man took his car on an early-morning rampage this morning, smashing into cars at two restaurants before snapping a utility pole in half. Officers were called to a Taco Bell off Pendleton Pike on reports of a white BMW ramming cars. Then police received similar reports from a nearby White Castle. Officers say the driver sped off when they arrived, then in the ensuing chase hit a utility pole at 9025 Pendleton Pike. The man was sent to Wishard Hospital with minor injuries. Police think alcohol was a factor.
Tornado-damaged apartments on auction block
Falcon Point Apartments will be sold to the highest bidder in an auction beginning at noon. The 16-building complex, which is on East 38th Street near Mitthoeffer Road, was devastated by a tornado on May 30. Crews have removed 85 tons of debris. According to the Roebuck Auctions Web site, property owners want to sell the complex "as is."
Drivers line up for south-side flu shot clinic
Visiting Nurse Service is hosting a drive-through flu shot clinic today at a Kroger store at 8850 S. Emerson Ave. The drive-through will be open from 3 p.m. to 9 p.m. Flu shots cost $25. The flu mist runs $35. The flu shot is recommended for children six months to 18 years old.
'Village-style' apartment complex planned for Lawrence Township
A local home builder is pushing for a zoning change that would allow him to construct a "village-style" apartment complex and retail space on a 20-acre site in Lawrence Township about 20 minutes northeast of downtown Indianapolis. Keith Russell, of KR Builders, hopes to construct 222 apartment units and 16,000 square feet of commercial and retail space at 11850 E. 38th Street, near the intersection with Carroll Road. The $15 million to $18 million project would include two-, three- and four-bedroom "high end" apartments in 13 three-story buildings. Russell says he envisions a complex that's "kind of like Clay Terrace," with its outdoor walkways and green space. But the project isn't without its critics.   | | | |
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